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Microsoft has finally made all the details about their upcoming Xbox 2/360 reveal on MTV public knowledge. Hosted by Elijah Wood and The Killers, MTV Presents: The Next Generation Xbox Revealed will be a 30-minute special focused on the next generation Xbox. Microsoft is aiming big on this one, as the show will air on MTV channels in the US, Asia, and Europe all within 24 hours - an industry first. The MTV website will continue providing Xbox 2/360 coverage after the show airs, and let’s be honest, a commercial-laden 30 minute show which also features a performance or two by The Killers isn’t going to provide a whole lot of depth as far as the Xbox 360 goes. Check out the full press release after the jump.

If you haven’t heard by now, GameStop has made the decision to purchase Electronics Boutique for $1.44 billion. This may not seem like that big a deal to the casual gamer, since both GameStop and EB Games stores are often quite interchangable, but the big thing here is what is going on behind the scenes. The merger will create about 3200 GameStop stores nationwide, giving them almost as much video game selling power as the almight Wal-Mart. Check out the online merger announcement webcast from GameStop.

Doom 3 has recently come out on Xbox after being on the PC for quite some time, and you might have thought that ID Software would show the same trailers to promote the Xbox version that they used for the PC edition. Not so. Instead, ID Software took a unique approach to their advertising of Doom 3 for the Xbox. ID combined a real life scene leading in to game footage. Some of the first words you hear in this 30 second TV Spot are, “You’re going to die.” This is a very interesting approach to attract customers, but it’s working. ID teamed up with a company called Anonymous Content to help them put this creative ad together. You can check it out here.

Well, we at Gear Live felt it would be nice if we had a place where we could throw the video game news. Rather than putting it in the trash, we decided to make this its new home. Playfeed is our new video game news site. Check it out, bookmark it, and visit often. We know you want to. After all, who doesn’t like games?